Objectiveness of our study is expected to provide the several contributions: (1) Theoretical benefits, the results of this study are expected to contribute to the development of economics, especially financial science, as material for developing insight into financial performance through operating leverage and financial leverage on earnings per share (EPS). This research was conducted on the Indonesia Stock Exchange (IDX). The research time taken in carrying out and completing this activity is scheduled for 3 (three) months, from July to September 2020. The population in this study is the property and real estate sector companies listed on the Indonesia Stock Exchange (IDX) from 2017-2019, totaling 62 companies. The method of determining the sample in this study used purposive sampling. The result of this study showed operating leverage has a positive and significant effect on earnings per share, financial leverage has no effect and is not significant on EPS, operating leverage and financial leverage simultaneously have a positive and significant effect on earnings per share. Based on the results of our demonstration of the analysis and discussion, several suggestions are put forward e.g., before investing in any company, an investor needs to pay attention to the level of earnings per share.
This study aims to analyze corporate social responsibility disclosure to companies with financial performance as an intervening variable. This research is a quantitative research type. We conducted this study on the food and beverage sub-sector manufacturing companies listed on the Indonesia Stock Exchange involving 13 companies. The type of data is secondary in the company's annual financial report. For data analysis using descriptive statistical techniques, classical assumption test, and multiple linear regression. The results of this study indicate that CSR disclosure has a negative and insignificant effect on firm value. At the same time, CSR disclosure negatively and significantly impacts financial performance. Based on the path analysis method, corporate social responsibility disclosure cannot affect company value and financial performance. We suggest that companies consistently implement CSR even though it does not affect company value because companies still have to manage the impacts that arise.
This study was conducted to determine the factors that influence the ownership of family savings in Pangkep Regency by analyzing the effect of the variables of the number of family members, the education level of the head of the family, and the employment status of the head of the family on the ownership of family savings using the multiple linear regression analysis methods. The data used is the result of the 2021 family data collection in Pangkep Regency which was taken using the documentation technique presented by the district. The results of this study indicate that based on a partial analysis of the variable Number of Family Members (X1) and the variable of the education level of the head of the family (X2) does not affect the variable of Family Savings Ownership in Pangkep Regency (Y). Meanwhile, the variable Job Status of the Heads of Families (X3) affects the variable of Family Savings Ownership in Pangkep Regency (Y). For simultaneous analysis, the independent variable (variable X) affects the dependent variable of Family Savings Ownership in Pangkep Regency (variable Y).
The bankruptcy of a cooperative is a business condition that is not desired by all cooperative stakeholders. The bankruptcy of a cooperative is sometimes not only miserable for its members as owners and customers, but not a few bankruptcies of cooperatives leave a prolonged problem. This study aims to determine the potential for bankruptcy for cooperatives in Pangkep Regency using the Altman Z-Score formula. The research data is sourced from the financial statements of Cooperatives taken by purposive sampling, namely cooperatives that have held the Annual Member Meetings and submitted financial reports for the 2020 Fiscal Year. The results of this study indicate that of the 20 selected samples of cooperatives, 19 cooperativesare classified as healthy with a Zi value range. 3.88-9.59, and there is 1 cooperative classified as prone to bankruptcy with a Zi value of 1.25. It can be concluded that generally Cooperatives in Pangkep Regency are still healthy in 2020. For cooperatives that are categorized as prone to bankruptcy, it is important to immediately increase their working capital so that they do not experience bankruptcy
This research aims to conduct a comprehensive analysis of PT. United Tractors, Tbk shares using a top-down approach, which includes macroeconomic analysis, industry analysis, and company analysis. Additionally, the study aims to determine the intrinsic value of the shares through the Relative Valuation Techniques method and provide suitable recommendations for investors regarding whether to buy, hold, or sell the company's shares. The macroeconomic analysis revealed fluctuations in indicators such as Gross Domestic Product (GDP), inflation, interest rates, money supply, and exchange rate growth. Meanwhile, the industry analysis identified strong competition among similar companies as the dominant force in the market. The threat of new entrants also poses a challenge, especially when competitors target the same market segment. Additionally, the power of suppliers is higher when the number of suppliers is limited compared to the proportion of buyers. Barriers arise when consumers encounter cheaper substitute products. Moreover, the company analysis showcased varying trends in financial ratios such as RTR, FAT, TATO, CR, QR, DER, DAR, GPM, OPM, NPM, ROA, ROS, ROI, EPS, PSR, PER, and PBVR during the period from 2016 to 2021. Furthermore, it was observed that PT. United Tractors, Tbk tends to undervalue its shares by selling them at prices below the intrinsic value. To this end, the study suggests that when the stock market price is lower than the intrinsic value, the shares are undervalued, prompting investors to consider buying. If the stock market price is equal to the intrinsic value, it is fair-valued, and investors are advised to hold. On the other hand, when the stock market price exceeds the intrinsic value, it is overvalued, and investors should consider selling.
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